Wednesday 24 August 2016
 
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IPIC, Austria firm extend OMV agreement

Abu Dhabi’s state-owned oil and gas investment company International Petroleum Investment Company (IPIC) and the Austrian state holding company Österreichische Bundes- und Industriebeteiligungen (ÖBIB) have agreed to extend their

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OMV signs MoU to revive activities in Iran

Austria's OMV signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) on Wednesday as it looks to revive its activities in Iran. OMV chief executive Rainer Seele, who took the helm at Austria

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OMV signs gas field evaluation deal with Adnoc

The Abu Dhabi National Oil Company (Adnoc), Vienna-based oil and gas company OMV, and Occidental Petroleum from the US have signed an evaluation agreement for oil and gas fields North-West Offshore Abu Dhabi. An agreement was reac

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Abu Dhabi IPIC 'not eyeing OMV stake'

Abu Dhabi's International Petroleum Investment Company (IPIC), which has a 64 per cent stake in plastics products maker Borealis, is not in talks to buy Austrian energy company OMV's 36 per cent stake, said a top official.

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Abu Dhabi IPIC 'not eyeing OMV stake'

Abu Dhabi's International Petroleum Investment Company (IPIC), which has a 64 per cent stake in plastics products maker Borealis, is not in talks to buy Austrian energy company OMV's 36 per cent stake, said a top official.

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OMV aims to boost Yemen output to 30,000 bpd if conditions allow

Austrian energy group OMV wants to boost its oil output from Yemen by half if conditions allow, a senior executive told Reuters.   Erwin Kroell, senior vice presiden

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Abu Dhabi IPIC happy with OMV stake, in for long term

Abu Dhabi's IPIC sovereign wealth fund is happy with its nearly 25 per cent stake in Austrian energy group OMV and will remain an investor for the long haul, said its senior official. "OMV is in good shape so we are quite

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Gazprom in talks to buy Abu Dhabi's OMV stake

Russia's Gazprom is in talks to buy Abu Dhabi's 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters on Thursday. "Talks were held but they have yet to decide on pricing,&

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Iran oil minister meets OMV, other firms

Iran's Oil Minister Bijan Zanganeh said he had met on Wednesday with Austrian oil and gas group OMV and other foreign oil companies as Tehran prepares to offer oilfields, projects and its final investment contract in November.

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Libya oil production about 70pc of normal: OMV

Austrian oil and gas group OMV is producing at about 70 per cent of normal levels in Libya, the company's head of exploration and production, Jaap Huijskes, said on Wednesday. Libya accounted for about 10 per cent of OMV's

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